H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when the information is available, on (202) 452-3206. October 26, 2000 H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks Millions of dollars Averages of daily figures Reserve balances of depository institutions at Week ended Change from week ended Wednesday F.R. Banks, Reserve Bank credit, and related items Oct 25, 2000 Oct 18, 2000 Oct 27, 1999 Oct 25, 2000 Reserve Bank Credit 559,523 - 2,351 + 15,950 560,096 U.S. government securities (1) Bought outright-system account (2,3) 510,464 + 979 + 19,753 511,038 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 64 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 11,689 - 2,641 - 5,372 9,995 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 175 - 124 + 135 13 Seasonal credit 277 - 24 + 86 270 Extended credit 0 0 0 0 Float 400 - 771 + 76 2,036 Other F.R. assets 36,389 + 231 + 1,342 36,615 Gold stock 11,046 0 - 4 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,647 + 14 + 3,052 30,647 Total factors supplying reserve funds 604,416 - 2,336 + 14,998 604,989 Currency in circulation* 570,581 - 1,522 + 17,300 571,377 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 289 + 33 + 197 289 Deposits, other than reserve balances, with F.R. Banks Treasury 5,278 + 108 + 72 4,207 Foreign 91 - 17 - 89 71 Service-related balances and adjustments (5) 6,698 + 84 - 364 6,698 Other 241 - 9 - 19 241 Other F.R. liabilities and capital 16,066 + 639 - 2,176 16,254 Total factors, other than reserve balances, absorbing reserve funds 599,243 - 685 + 14,920 599,137 Reserve balances with F.R. Banks (6) 5,173 - 1,651 + 78 5,852 On October 25, 2000, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 686,779 million, a change of $ - 2,853 million for the week. The total includes $ 589,652 million of U.S. government securities and $ 97,127 million of federal agency securities. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Face value of the securities. 2 Net of $ 16,091 million (daily average over statement week) and $ 16,076 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,091 million (daily average) and $ 16,076 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 757 million (daily average) and $ 98 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 435 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 5 Consists of required clearing balances of $ 6,347 million and adjustments of $ 351 million to compensate for float. 6 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury’s figures). Components may not add to totals due to rounding.

H.4.1(a) Consolidated Statement of Condition of all Federal Reserve Banks Millions of dollars Change Since Eliminations from Consolidation Wednesday Wednesday Wednesday Oct 25, 2000 Oct 18, 2000 Oct 27, 1999 ASSETS Gold certificate account 11,046 0 - 4 Special drawing rights certificate account 3,200 0 - 4,000 Coin 856 + 32 + 539 Loans 282 - 21 + 71 Acceptances 0 0 0 Repurchase agreements — triparty (1) 9,995 - 8,848 - 10,070 Federal agency obligations (2) Bought outright 130 0 - 58 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 182,744 + 135 - 17,606 Notes (3) 236,389 + 662 + 25,117 Bonds (4) 91,905 + 72 + 11,476 Total bought outright (5) 511,038 + 870 + 18,987 Held under repurchase agreements 0 0 0 Total U.S. government securities 511,038 + 870 + 18,987 Total loans and securities 521,445 - 7,999 + 8,930 Items in process of collection (816) 9,168 + 673 + 2,512 Bank premises 1,433 0 + 92 Other assets (6) 35,305 + 391 + 1,721 TOTAL ASSETS (816) 582,454 - 6,901 + 9,790 LIABILITIES Federal Reserve notes 541,875 - 764 + 13,426 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 12,860 - 4,611 - 1,915 U.S. Treasury—general account 4,207 - 942 - 156 Foreign—official accounts 71 - 16 - 101 Other (0) 241 - 28 + 18 Total deposits (0) 17,380 - 5,596 - 2,153 Deferred availability cash items (816) 6,945 - 1,143 + 215 Other liabilities and accrued dividends (7) 4,293 - 2 - 151 TOTAL LIABILITIES (816) 570,493 - 7,505 + 11,337 CAPITAL ACCOUNTS Capital paid in 6,981 - 1 + 627 Surplus 2,679 0 - 3,273 Other capital accounts 2,300 + 603 + 1,099 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 343 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 92 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,076 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 98 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. 7 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Maturity Distribution of Loans and Securities, October 25, 2000 Millions of dollars U.S. government Federal agency Reverse Repurchase securities (1,2) obligations(2) Repurchase Loans Agreements— Weekly Weekly Agreements— Holdings changes Holdings changes Triparty (3) Triparty (3) Within 15 days 241 19,440 + 2,160 0 0 5,995 0 16 days to 90 days 41 108,798 - 2,323 0 0 4,000 0 91 days to 1 year 0 126,292 + 298 0 0 ——— ——— Over 1 year to 5 years ——— 131,315 + 734 30 0 ——— ——— Over 5 years to 10 years ——— 53,530 + 1 100 0 ——— ——— Over 10 years ——— 71,663 0 0 0 ——— ——— Total 282 511,038 + 870 130 0 9,995 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 435 million of compensation that adjusts for the effects of inflation on the principal of such securities. 2 Includes face value of securities held under repurchase agreements classified by the remaining maturity of the agreements. 3 Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of the agreements. Components may not add to totals due to rounding.

H.4.1 (b) Statement of Condition of Each Federal Reserve Bank on October 25, 2000 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,04 6 53 5 4,42 8 41 4 52 0 75 0 80 2 1,06 4 35 9 15 8 34 0 51 4 1,162 Special drawing rights certif. acct. 3,20 0 16 7 1,27 1 12 0 15 1 21 3 24 2 30 9 10 3 4 4 9 6 14 3 341 Coin 85 6 2 6 6 7 4 9 5 5 10 7 10 4 10 0 4 5 2 9 5 9 7 2 142 Loans 28 2 0 0 4 0 1 1 3 5 9 6 1 6 4 6 5 1 3 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 9,99 5 0 9,99 5 0 0 0 0 0 0 0 0 0 0 Federal agency obligations (2) Bought outright 13 0 7 5 0 5 7 8 9 1 6 5 1 4 4 14 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities (2) Bought outright— Bills 182,74 4 10,49 1 70,53 9 7,61 1 10,22 7 10,72 7 12,16 4 21,85 9 6,94 2 76 9 6,09 0 5,40 7 19,917 Notes (3) 236,38 9 13,57 1 91,24 7 9,84 6 13,22 9 13,87 7 15,73 5 28,27 6 8,98 0 99 5 7,87 8 6,99 4 25,764 Bonds (4) 91,90 5 5,27 6 35,47 6 3,82 8 5,14 3 5,39 5 6,11 7 10,99 3 3,49 1 38 7 3,06 3 2,71 9 10,017 Total bought outright (5) 511,03 8 29,33 8 197,26 2 21,28 5 28,59 8 29,99 9 34,01 6 61,12 8 19,41 3 2,15 1 17,03 0 15,12 0 55,698 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 511,03 8 29,33 8 197,26 2 21,28 5 28,59 8 29,99 9 34,01 6 61,12 8 19,41 3 2,15 1 17,03 0 15,12 0 55,698 Total loans and securities 521,44 5 29,34 5 207,30 7 21,29 5 28,60 6 30,00 8 34,03 7 61,20 3 19,47 8 2,21 6 17,10 0 15,13 7 55,714 Items in process of collection 9,98 4 37 7 1,31 6 39 4 76 7 50 1 87 7 90 8 36 2 57 3 77 0 83 0 2,309 Bank premises 1,43 3 9 4 16 6 5 0 15 6 12 5 22 8 10 4 3 3 12 6 4 9 13 8 166 Other assets (6) 35,30 5 1,69 2 11,94 0 1,25 1 2,06 7 5,26 6 2,30 5 3,44 5 1,05 4 68 6 1,02 8 1,07 8 3,493 Interdistrict settlement account 0 + 1,77 4 +17,10 1 - 66 9 + 60 8 + 13 3 + 1,79 6 - 6,19 7 - 1,31 2 - 75 2 - 1,68 3 - 5,60 7 - 5,194 TOTAL ASSETS 583,27 0 34,01 1 243,59 6 22,90 4 32,93 0 37,10 2 40,39 2 60,93 7 20,12 2 3,08 0 17,75 9 12,30 5 58,132 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 2 Face value of the securities. 3 Includes $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 343 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 92 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,076 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 98 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Components may not add to totals due to rounding.

H.4.1 (c) Statement of Condition of Each Federal Reserve Bank on October 25, 2000 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 541,87 5 30,67 3 231,88 5 21,48 1 30,66 4 32,53 9 37,38 4 57,48 1 19,05 3 1,18 2 16,37 7 10,89 3 52,263 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,86 0 1,92 3 1,97 7 42 8 90 9 1,11 5 1,07 1 1,29 9 40 5 79 2 50 6 65 9 1,777 U.S. Treasury—general account 4,20 7 0 4,20 7 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 1 1 4 8 1 2 8 2 3 1 1 1 1 3 Other 24 1 0 13 6 1 4 9 4 1 2 1 0 3 0 1 Total deposits 17,38 0 1,92 5 6,36 7 42 9 91 4 1,21 6 1,07 3 1,30 3 40 6 79 4 51 0 66 0 1,781 Deferred credit items 7,76 1 50 2 90 9 39 2 34 6 55 1 78 0 56 6 21 3 54 7 39 2 26 9 2,295 Other liabilities and accrued dividends (2) 4,29 3 25 2 1,45 9 19 4 24 7 31 1 32 6 48 4 17 8 6 8 16 8 15 9 446 TOTAL LIABILITIES 571,30 9 33,35 2 240,62 1 22,49 6 32,17 2 34,61 7 39,56 3 59,83 5 19,85 0 2,59 1 17,44 7 11,98 1 56,784 CAPITAL ACCOUNTS Capital paid in 6,98 1 35 8 1,49 3 23 7 46 0 1,68 5 49 1 61 5 13 8 35 7 17 8 18 6 784 Surplus 2,67 9 12 0 55 2 8 3 18 5 70 5 19 2 24 1 6 6 9 8 7 5 8 8 275 Other capital accounts 2,30 0 18 1 93 0 8 8 11 3 9 5 14 7 24 6 6 8 3 4 5 9 5 0 289 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 583,27 0 34,01 1 243,59 6 22,90 4 32,93 0 37,10 2 40,39 2 60,93 7 20,12 2 3,08 0 17,75 9 12,30 5 58,132 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 760,93 2 37,03 6 304,17 1 32,08 3 37,09 7 52,06 8 61,48 6 70,34 7 23,65 4 9,78 6 21,75 4 32,97 5 78,475 Less—Held by F.R. Banks 219,05 7 6,36 3 72,28 6 10,60 2 6,43 3 19,52 9 24,10 2 12,86 6 4,60 1 8,60 4 5,37 7 22,08 2 26,212 F.R. notes, net 541,87 5 30,67 3 231,88 5 21,48 1 30,66 4 32,53 9 37,38 4 57,48 1 19,05 3 1,18 2 16,37 7 10,89 3 52,263 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 6,466 U.S. govt. and agency securities (3) 521,163 Total collateral 541,875 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and agency securities. 2 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities pledged under reverse repurchase agreements. Components may not add to totals due to rounding.